Tag: SATS

SATS Stock Code S58.SGX

Outlook

Price broke above the cloud and managed to stay above the cloud, keeping the uptrend intact. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend.  MACD is above the zero line and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the previous resistance high at $3.11.

Strategy                  

$2.83                 Buy

$3.10                 Price Target

$2.69                 Risk Management Stop

3 weeks              Trade Duration

SATS Stock Code S58.SGX

Outlook

After price reached a high of $4.30 on 17 February 2022, price went into a correction. During the recent price correction, the price was supported by the Conversion line with Base line acting as support at a lower point. Conversion line and Base line remain in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. We think price is likely to move to the previous high at $4.40, in the next 2-3 weeks.

Strategy                  

$4.10                 Buy

$4.40                 Price Target

$3.92                 Risk Management Stop

3 weeks              Trade Duration

SATS Stock Code S58.SGX

Outlook

After reaching a high of $4.22 on 11 October 2021, the price correction broke below the cloud, two days ago. This has changed the chart outlook from a correction into a bear trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish trend. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish and moving lower, hinting at a bearish price trend. We are expecting price to decline to the next support level at $3.90 in the next 2-3 weeks.

Strategy

$4.11                 Short Sell

$3.91                 Price Target

$4.23                 Risk Management Stop

3 weeks Trade Duration

SATS Stock Code S58.SGX

Outlook

Price broke above the cloud two days ago which could be the start of a new bullish price trend going forward. Price was capped by the Base line on the first day it broke above the cloud but yesterday, price closed above the Base line, reinforcing the new bullish price trend. Lagging Span is above price of 26 days ago as well as above the cloud, confirming the bullish trend. MACD is in the bearish zone but there is a MACD bullish crossover. If price can stay above the cloud, we are expecting price to test the previous high of $4.22 in the next 2-3 weeks ahead.

Strategy                  

$4.05                 Buy

$4.22                 Price Target

$3.95                 Risk Management Stop

3 weeks              Trade Duration

SATS Stock Code S58.SGX

Outlook
Price broke below the cloud in the previous trading session and this could be a sign of a change from the bullish outlook into a bearish trend. Conversion and Base lines had a bearish crossover, indicating a bearish trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD remains bearish with both its lines moving away from the zero line, which is a hint of a bearish price trend. We are expecting price to decline to the support level at $3.77.

Strategy
$4.12                 Sell
$3.80                 Price Target
$4.27                 Risk Management Stop
3 weeks Trade Duration